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Here's what you need to know about ThaiBev's pending stake deal

ThaiBev-related TCC Assets eyes acquiring 69.7% stake in F&N.

According to Dealogic, Thai Beverage has announced that TCC Assets, a special purpose vehicle owned by ThaiBev's chairman, will acquire the remaining 69.7% stake in Fraser & Neave for $9.2bn.

Here's more from Dealogic:

The offer was launched on the back of Thai Beverage's accumulation of stake in Fraser & Neave over the course of two months, whereby its stake has breached the 30% threshold and the bidders have an obligation to make an offer for the remaining stake

This deal pushes SE Asia Cross-border M&A volume to $39.2bn in 2012 YTD, more than double the $18.8bn announced in the same 2011 period and marks the highest YTD level on record. Similarly, SE Asia - targeted M&A volume is also at a YTD record with $64.4bn in 2012 YTD, up 32% from 2011 YTD ($48.8bn).

The deal is:
- the fifth largest cross- border M&A transaction globally in 2012 YTD
- the represents the third biggest Asia (ex Japan) Cross-border Inbound M&A on record
- the largest public offer for a listed SE Asia firm on record
- the biggest Singapore-targeted M&A deal on record 

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